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One commenter answered with the following...

"There is no limitation. You owe what you owe."

That is absolutely true. Being the responsible person that I am, I take things very seriously and provide for the inevitable accident by having appropriate insurance to cover most everything.

I have, since asking the question, found out that it is usually 4 years from the date of the accident or loss. The main question was not worded well and it was to find out how long an insurance company could take before they ran out of time to get the issue closed or taken to court.

The issue involved a person who was actually insured, but his policy did not cover the accident in question leaving him vulnerable and responsible for paying out of pocket for the loss to the subrogation unit of the insurance company of the other party.

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16y ago

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